Coal of Africa Share News (CZA)

Pace CFO cheers with share purchase

Pace shares were moving higher on Wednesday after the group's Chief Financial Officer (CFO), Roddy Murray, bought himself 30,000 shares in the technology developer. Paying 349.9p a share, Murray spent a total of £104,970 and took his total beneficial holding to 130,000 shares. The deal took advan

DIRECTOR DEALINGS: Coal Of Africa CFO Buys 300,000 Shares

LONDON (Alliance News) - Coal of Africa Limited PLC Wednesday said Chief Financial Officer Michael Meeser bought 300,000 shares at a price of 4.53 pence per share Tuesday. Following this transaction, Meeser holds 600,000 shares, which represents 0.6% of the coal miner's share capital. Read more

Coal Of Africa Says Asset Sales Significant In Turnaround Strategy

LONDON (Alliance News) - Coal of Africa PLC Wednesday said that the sale of its Woestalleen Complex and Opgoedenhoop assets during the quarter to end-March had been significant in its strategic turnaround strategy. Coal of Africa was granted approvals from the Department of Mineral Resource

Wednesday broker round-up UPDATE

Aberdeen Asset Management: RBC Capital moves target price from 485p to 495p and maintains an outperform rating. African Barrick Gold: Deutsche Bank upgrades to buy with a target price of 310p. African Minerals: Investec reduces target price from 241p to 198p and leaves its buy recommendation uncha

DIRECTOR DEALINGS: Coal Of Africa CEO Buys 75,000 Shares

LONDON (Alliance News) - Coal Of Africa PLC Tuesday said Chief Executive Officer David Brown bought 75,000 shares at a price of 4.44 pence per share on Monday. Following this transaction, Brown is now the owner of 325,000 shares representing 0.03% of the company's issued share capital.

Coal Of Africa Says Approval Granted For Opgoedenhoop Mineral Right Disposal

LONDON (Alliance News) - Coal of Africa Ltd Thursday said that approval has been granted by the Department of Minerals Resources, for the disposal of the Opgoedenhoop mineral right. Coal of Africa is a South-African based emerging developer and producer of high-quality thermal and coking co

DIRECTOR DEALINGS: Coal Of Africa Senior Executives Buy Shares

LONDON (Alliance News) - Coal of Africa Limited PLC Wednesday said Chief Executive David Brown bought 100,000 shares at a price of 5.41 pence per share. Following this transaction, Brown now holds 250,000 shares, which represents 0.02% stake in the firm. The company also said Chief Fi

Coal Of Africa Loss Narrows On Reduced Costs But Warns On Future

LONDON (Alliance News) - Coal of Africa Ltd Monday said its pretax loss narrowed significantly in its first half as the company reduced costs as part of its ongoing turnaround strategy but it warned that it must achieve certain goals to pay its debts. The thermal coal exploration and develo

Coal Of Africa Appoints Sedgman For Engineering Design Contract

LONDON (Alliance News) - Coal of Africa Ltd said Wednesday it has appointed Sedgman South Africa for the front-end engineering design, for its plant modification project at its Vele Colliery, in South Africa. The thermal coal exploration and development company, which has projects in South

Coal of Africa to sell stake in NuCoal Mining Proprietary

Coal of Africa has been granted regulatory approval for the disposal of its shares in South African business NuCoal Mining Proprietary. Coal will receive 80m South African Rand for the sale of business after getting the green light from the Department of Mineral Resources. Chief Executive David Br

Coal Of Africa To Sell All Shares In NuCoal Mining Proprietary Ltd

LONDON (Alliance News) - Coal of Africa Ltd Wednesday said it has been granted a Section 11 approval by South Africa's Department of Mineral resources for the disposal of all its shares and intercompany loan accounts in NuCoal Mining Proprietary Ltd. NucCoal is a coal mining company which p

UK MORNING BRIEFING: Insurers In Focus As Stephen Hester Joins RSA

LONDON (Alliance News) - Shares have continued their slide at the open Wednesday, despite a positive close overnight on Wall Street.

Brokers have been taking a look at UK insurers after RSA Insurance sprung a positive surprise late Tuesday by appointing turnaround a

Coal of Africa Makes Brown Permanent CEO, Seeks New Chairman

LONDON (Alliance News) - Coal of Africa Ltd Tuesday said it has appointed David Brown as its permanent chief executive from February 1. Brown has been acting CEO since June last year, having joined the company as non-executive chairman in August 2012. Brown's first task will be to pus

Coal of Africa's Production Drops As It Pushes Forward Restructuring

LONDON (Alliance News) - Coal of Africa Ltd Friday said sales dropped in the fourth quarter ended December 31, 2013, as it focused on restructuring its business. The South Africa-focused coal miner said sales of export-quality coal decreased in the final quarter of 2013 to 7,677 tonnes, fro

Coal Of Africa Cuts Cash Bleed As It Presses On With Turnaround